Tag: Debt Limit

Alarming Projection: U.S. Debt to Reach 115% of GDP

Tom Patriot

The Congressional Budget Office (CBO) released a daunting report on the country’s economic health. They indicate that the U.S. federal debt could surge in the next decade… CBO Finds Federal Debt to Rise to 115% of GDP in the Next Decade The federal debt could rise to 115% of the country’s Gross Domestic Product (GDP). This forecast raised economic worries. Moreover, the situation calls for urgent action to address the fiscal imbalance. The CBO’s report highlights the potential consequences of the surging federal debt. They believe that there would be…

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House Republicans Lead Charge, Secure Major Gas Pipeline Approval

Tom Patriot

A major gas pipeline project has received approval as part of a recent debt ceiling deal. The pipeline project will: This accomplishment underscores the party’s commitment to expanding America’s energy infrastructure while addressing the pressing issue of the national debt. Republicans Secure Massive Gas Pipeline Approval in Debt Ceiling Deal The successful inclusion of the gas pipeline approval in the debt ceiling deal demonstrates the Republican Party’s dedication to advancing infrastructure initiatives… that stimulate economic growth.  Republicans aim to reduce reliance on foreign sources and strengthen national security. This decision…

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Biden Signs Debt Ceiling Bill into Law

Tom Patriot

Biden has taken action to sign the debt ceiling bill. This move comes as the nation faces the risk of a financial crisis if Congress fails to address the issue.  The legislation aims to provide temporary relief. It allows the government to borrow funds to meet its financial obligations. Biden Signs Debt Ceiling Bill The bill, signed by President Biden, effectively suspends the debt limit. It grants more time for Congress to negotiate a long-term solution. This measure:  Without this legislation, the US could have faced severe economic consequences… including…

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House Speaker McCarthy’s Strategic Moves Shift Debt Ceiling Negotiations

Tom Patriot

In a concerning development for Republicans, a growing number of Democrats, totaling 210 Democrats, support a strategy to circumvent the House GOP’s resistance in the ongoing debt limit battle… This move has raised eyebrows among conservatives. Especially those who fear that it could undermine the economy’s stability. Democrats Rally Behind Plan to Bypass House GOP in Debt Limit Dispute The Democrats involve utilizing a legislative tool known as the “Queen of the Hill” rule. Under this rule:  By using this mechanism, Democrats aim to outmaneuver the Republicans, especially those who…

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